Overview/Key Facts
We are a leading owner of local retail property throughout the UK. We principally invest in local parades and neighbourhood venues for “top-up” shopping.
Our investment objective is to provide our shareholders with an attractive and growing level of income, with additional capital growth through trading and active asset management.
Our portfolio comprises shops which are well established in their local communities. We also invest in new developments of local shops where these are supported by existing or newly built residential property.
Our business model is a simple one:
Accretive acquisitions in sustainable locations Using our REIT status to buy companies with deferred tax liabilities
Active asset management to generate income and capital growth
Robust financing: debt that is:
- low cost
- long term
- hedged
Maintaining a prudent level of gearing
Recycling capital through sales of lower yielding and ex-growth properties
Efficient systems for purchases, sales and asset management